Zetwerk shares reportedly erased early gains, fell as much as 16% in trading debut

Zetwerk opened its Oct. 23 trading debut at a premium, according to ETMarkets, which put the listing gain at 5%. Bloomberg later reported the shares erased early gains and fell as much as 16%, reaching 127.20 rupees against a 151-rupee IPO price amid a selloff in Indian equities. Bloomberg also reported that Zetwerk raised 50.12 billion rupees ($529 million) in its IPO. Bloomberg's report gives no closing price.